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The amount of the trade discount taken by the customer is: Multiple Choice recorded as an expense. recorded as a revenue. recorded as a liability.
The amount of the trade discount taken by the customer is:
Multiple Choice
recorded as an expense.
recorded as a revenue.
recorded as a liability.
not recorded directly as sales are recorded net of trade discounts.
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
